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Wasps going into admin & the impact on CCFC (14 Viewers)

  • Thread starter Alkhen
  • Start date Sep 21, 2022
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Flying Fokker

Well-Known Member
  • Nov 2, 2022
  • #8,681
skybluetony176 said:
Simon Gilbert adamant that Mike Ashley hasn’t been in touch with SISU. I wonder if SISU are watching from the sidelines thinking WTF is going on like the rest of us. Joy checking her phone every couple of minutes to see if she’s had a missed call from Mike Ashley.
Click to expand...
It‘s smoke and mirrors. As soon as a threat of legal action comes his way. “I know nothing.“.
 

Otis

Well-Known Member
  • Nov 2, 2022
  • #8,682
duffer said:
Yawn. No one is biting. You're too boring to even be a decent troll.

Off to bed now son, you've got school tomorrow.
Click to expand...
They let him back in?
 
Reactions: duffer
S

skyblu3sk

Well-Known Member
  • Nov 2, 2022
  • #8,683
SheafIsGod said:
I’m still waiting for someone to explain why I should have a burning hatred of the Wasps just because…

*checks notes*

…they purchased a ground our owners never had any intention of buying?
Click to expand...

 
B

BodicoteSkyBlue

Well-Known Member
  • Nov 2, 2022
  • #8,684
olderskyblue said:
Ashley here, as is Warren Barton. Photographers in the lounges too
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As long as it’s not Joey Barton!
 
Reactions: skybluetony176

clint van damme

Well-Known Member
  • Nov 2, 2022
  • #8,685
shmmeee said:
Can we have some system where people who are just speculating bollocks (like me) say that and people who actually have some level of information say that?

I have no Fucking clue who to listen to
Click to expand...

We need a testicle emoji
 
Reactions: wingy and shmmeee
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skyblu3sk

Well-Known Member
  • Nov 2, 2022
  • #8,686
clint van damme said:
We need a testicle emoji
Click to expand...

 
Reactions: robbiethemole and clint van damme

Philosoraptor

Well-Known Member
  • Nov 2, 2022
  • #8,687
I wonder if CCC will now forfeit the head lease to ACL2006 because ACL2006 has become unable to pay its debts.

It is in the prospectus.
 

Old Warwickshire lad

Well-Known Member
  • Nov 2, 2022
  • #8,688
hill83 said:
That’s a bite though
Click to expand...
Nah he’s just telling the kids it’s bedtime.
 

Otis

Well-Known Member
  • Nov 2, 2022
  • #8,689
Warwickshire lad said:
Nah he’s just telling the kids it’s bedtime.
Click to expand...
I think his parents keep taking his phone off him, hence the constant new usernames.

His school mates must be sick to death of lending him their phones every playtime.
 
Reactions: duffer and Old Warwickshire lad
S

skyblu3sk

Well-Known Member
  • Nov 2, 2022
  • #8,690
Brighton Sky Blue said:
He set aside £50 million to take on a League 1 club with a no mod cons stadium.
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The only downside for us vs Derby is they have averaged higher attendances than us for quite some time. I think with us there is potential to grow the fan base but its not guaranteed.
 
S

skyblu3sk

Well-Known Member
  • Nov 2, 2022
  • #8,691
Frasers lines up bid for Wasps rugby stadium Telegraph seems to think NEC have dropped out.
 

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SuperFred

Well-Known Member
  • Nov 2, 2022
  • #8,692
Haven't read the whole thread so apologies if it's already been mentioned.

It's been reported that Mike Ashley wants to get back into football. If he buys the Ricoh, surely the EFL wouldn't let him buy another football League club? It's a conflict of interest. His only chance to get back into football would be through us.
 
Reactions: Flying Fokker and SkyBlueSam01

Sky Blue Harry H

Well-Known Member
  • Nov 2, 2022
  • #8,693
Sbarcher said:
Can't be Ashley, born in Walsall
Click to expand...

I know he isn't a Geordie, but it was obvious who Oggy was referring to !!
 

The Philosopher

Well-Known Member
  • Nov 2, 2022
  • #8,694
SuperFred said:
Haven't read the whole thread so apologies if it's already been mentioned.

It's been reported that Mike Ashley wants to get back into football. If he buys the Ricoh, surely the EFL wouldn't let him buy another football League club? It's a conflict of interest. His only chance to get back into football would be through us.
Click to expand...
That point about conflict of interest if Ashley buys the stadium is a valid observation.

Don’t think anyone else has noticed and mentioned that.
 
Reactions: ccfcrob

Sky Blue Harry H

Well-Known Member
  • Nov 2, 2022
  • #8,695
SuperFred said:
Haven't read the whole thread so apologies if it's already been mentioned.

It's been reported that Mike Ashley wants to get back into football. If he buys the Ricoh, surely the EFL wouldn't let him buy another football League club? It's a conflict of interest. His only chance to get back into football would be through us.
Click to expand...
If he bought the stadium but not us, I'm not sure there is an obvious conflict of interest (or not one I can see)
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 2, 2022
  • #8,696
skyblu3sk said:
The only downside for us vs Derby is they have averaged higher attendances than us for quite some time. I think with us there is potential to grow the fan base but its not guaranteed.
Click to expand...

A league below though and he was proposing some pretty charitable terms to them.
 
S

skyblu3sk

Well-Known Member
  • Nov 2, 2022
  • #8,697
Brighton Sky Blue said:
A league below though and he was proposing some pretty charitable terms to them.
Click to expand...
Agreed, definitely not saying he isn't interested just he would need to take that in to account. In theory the revenue from the conferencing side should more than cover it so could balance out.
 
B

Brighton Sky Blue

Well-Known Member
  • Nov 2, 2022
  • #8,698
skyblu3sk said:
Agreed, definitely not saying he isn't interested just he would need to take that in to account. In theory the revenue from the conferencing side should more than cover it so could balance out.
Click to expand...

Interesting there were rumours he wanted to buy Ipswich when he was first trying to sell Newcastle. Similar talk of wanting to establish business in the local area etc.
 

The Philosopher

Well-Known Member
  • Nov 2, 2022
  • #8,699
Sky Blue Harry H said:
If he bought the stadium but not us, I'm not sure there is an obvious conflict of interest (or not one I can see)
Click to expand...
It’s a tricky one.

Could it be implied that he had some kind of control / influence over CCFC with the finances.

I admit it’s probably a grey area but the inference is that if he were to in future buy, say, Birmingham and their ground would they allow that? He could technically move them? He could financially impact a rival (us). Again, a stretch, but from memory the FL put some strict stadium rules in place after Wimbledon/MK Dons. It might fall under that.

Just speculation but I think the OP has a valid point.
 
Last edited: Nov 2, 2022

SomersetSB

Well-Known Member
  • Nov 2, 2022
  • #8,700
larry_david said:
But what does it all mean!?
Click to expand...
We wanna get loaded
 
Reactions: Rodders1 and Gynnsthetonic

AFCCOVENTRY

Well-Known Member
  • Nov 2, 2022
  • #8,701
Brighton Sky Blue said:
Interesting there were rumours he wanted to buy Ipswich when he was first trying to sell Newcastle. Similar talk of wanting to establish business in the local area etc.
Click to expand...

It’s clever what he’s doing. Means he will get planning permission for warehouses, offices, crate jobs etc… council and locals will embrace it. In the meantime he wants bit of a hobby and the club would be complimentary to his empire building in the city.
 
Reactions: robbiethemole and pusbccfc

TomRad85

Well-Known Member
  • Nov 2, 2022
  • #8,702
Someone please make a gif of Princess Leia kneeling in front of R2 saying "help me Mike Ashley, you're my only hope". Thanks in advance.

Sent from my SM-G973F using Tapatalk
 
Reactions: RegiswasGod
B

Brighton Sky Blue

Well-Known Member
  • Nov 2, 2022
  • #8,703
TomRad85 said:
Someone please make a gif of Princess Leia kneeling in front of R2 saying "help me Mike Ashley, you're my only hope". Thanks in advance.

Sent from my SM-G973F using Tapatalk
Click to expand...

If nobody has done that by tonight I’ll do that with his face on the robot
 
Reactions: TomRad85

TomRad85

Well-Known Member
  • Nov 2, 2022
  • #8,704
Brighton Sky Blue said:
If nobody has done that by tonight I’ll do that with his face on the robot
Click to expand...
Even better, thanks mate.
 

Sky Blue Pete

Well-Known Member
  • Nov 2, 2022
  • #8,705
duffer said:
Willingly or not, if any potential buyer isn't breaching the terms of the lease then I think there's very little the council could do about it without ending up in court again. In essence they can't
"unreasonably" prevent a transfer (assignment) of the lease.

Of course, I guess there isn't even a transfer if ACL is purchased whole, so even less chance of the council being involved.

Dealing with Tenant Requests For Alterations And Assignment | FAQs | Penningtons Manches Cooper

Below are some answers to frequently asked questions regarding tenants’ requests for alterations and assignment of their lease.
www.penningtonslaw.com

Consents through the looking glass – a re-examination of consents in alienation clauses

Dellah Gilbert reviews case law relating to the often contentious topic of landlords granting consent to a prospective tenant when an existing tenant wishes to move on.
www.lexology.com
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They are very involved though
 

slowpoke

Well-Known Member
  • Nov 2, 2022
  • #8,706
This is a Case of one step at a time Wasps gone kaput, ground soon to be sorted, Wasp signs I’m sure soon to be removed and then the club purchased not necessarily by the new ground owner was told ages ago prepare for a happy sky blue Christmas after 15 years I’m prepared to be patient a bit longer.
 
Reactions: bulko and Gynnsthetonic

torchomatic

Well-Known Member
  • Nov 2, 2022
  • #8,707
shmmeee said:
Just saying, once you add up that, the Keys comment and the Telegraph article it very much looks like he just wants the stadium.
Click to expand...

Hanging on the word of Keys? Really?
 

SHUNT31

Well-Known Member
  • Nov 2, 2022
  • #8,708
 

Sick Boy

Super Moderator
  • Nov 2, 2022
  • #8,709
The Philosopher said:
It’s a tricky one.

Could it be implied that he had some kind of control / influence over CCFC with the finances.

I admit it’s probably a grey area but the inference is that if he were to in future buy, say, Birmingham and their ground would they allow that? He could technically move them? He could financially impact a rival (us). Again, a stretch, but from memory the FL put some strict stadium rules in place after Wimbledon/MK Dons. It might fall under that.

Just speculation but I think the OP has a valid point.
Click to expand...
In that case we wouldn’t have been able to play at Birmingham.
 

shmmeee

Well-Known Member
  • Nov 2, 2022
  • #8,710
torchomatic said:
Hanging on the word of Keys? Really?
Click to expand...

No, what gave you that impression?
 

duffer

Well-Known Member
  • Nov 2, 2022
  • #8,711
Sky Blue Pete said:
They are very involved though
Click to expand...

I'm not sure what the Council can actually do though, Pete.

They don't have a stake in ACL or ACL 2006, so they have no say in the possible sale of those entities.

They can't "unreasonably" prevent the transfer of the lease; "but SISU" isn't likely to cut it in court.

The lease isn't going to automatically revert to them if ACL/ACL 2006 enter administration because of the bondholders' mortgage on it. Again that could end up in court if the point is pushed.

The Council, having washed their hands of ACL by selling to Wasps, without any real care regarding the impact to CCFC (as demonstrated since), are going to struggle to insert themselves back into this even if they wanted to, imho.

They'll obviously look to take credit for something if they can though, because that's what they do.
 
Reactions: CCFCSteve, robbiethemole and shmmeee

Sky Blue Pete

Well-Known Member
  • Nov 2, 2022
  • #8,712
duffer said:
I'm not sure what the Council can actually do though, Pete.

They don't have a stake in ACL or ACL 2006, so they have no say in the possible sale of those entities.

They can't "unreasonably" prevent the transfer of the lease; "but SISU" isn't likely to cut it in court.

The lease isn't going to automatically revert to them if ACL/ACL 2006 enter administration because of the bondholders' mortgage on it. Again that could end up in court if the point is pushed.

The Council, having washed their hands of ACL by selling to Wasps, without any real care regarding the impact to CCFC, (as demonstrated since), are going to struggle to insert themselves back into this even if they wanted to, imho.

They'll obviously look to take credit for something though if they can though, because that's what they do.
Click to expand...
What do you think Cllr Duggins is doing then?
 

shmmeee

Well-Known Member
  • Nov 2, 2022
  • #8,713
duffer said:
I'm not sure what the Council can actually do though, Pete.

They don't have a stake in ACL or ACL 2006, so they have no say in the possible sale of those entities.

They can't "unreasonably" prevent the transfer of the lease; "but SISU" isn't likely to cut it in court.

The lease isn't going to automatically revert to them if ACL/ACL 2006 enter administration because of the bondholders' mortgage on it. Again that could end up in court if the point is pushed.

The Council, having washed their hands of ACL by selling to Wasps, without any real care regarding the impact to CCFC, (as demonstrated since), are going to struggle to insert themselves back into this even if they wanted to, imho.

They'll obviously look to take credit for something though if they can though, because that's what they do.
Click to expand...

People have a very overinflated view of what a council can actually do. Always have not just with this. See people blaming the council for the number of students or how an office block is painted or a million other things. It’s one step up from “they” in every other conspiracy theory.
 
Reactions: Kneeza

Sky Blue Pete

Well-Known Member
  • Nov 2, 2022
  • #8,714
shmmeee said:
People have a very overinflated view of what a council can actually do. Always have not just with this. See people blaming the council for the number of students or how an office block is painted or a million other things. It’s one step up from “they” in every other conspiracy theory.
Click to expand...
I agree it’s why I always look to individuals to take responsibility and accountability for what we or they do.
 
S

SBT

Well-Known Member
  • Nov 2, 2022
  • #8,715
As I said yesterday - just because we as City fans think it’s obvious that buying the stadium and then immediately buying the club is an elegant, popular and lucrative solution doesn’t mean that any outside investors automatically see it that way.
 
Reactions: Skyblueweeman, torchomatic, Sick Boy and 1 other person
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